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Territorial Bancorp Completes Fourth Repurchase Program

 

Oct 1 - Honolulu-based Territorial Bancorp Inc. (Nasdaq: TBNK), the holding company parent of Territorial Savings Bank, has completed its fourth repurchase program. The company repurchased 532,000 shares of its common stock at an average price of $22.29 per share. The company's board of directors regularly reviews capital management options, including stock repurchase programs, and any future decision to adopt one or more additional stock repurchase programs would be subject to general market conditions, the trading price of the stock, alternative uses for capital and the company's financial performance.


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